How To Save on Taxes Through Real Estate Investing

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 13 March 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this video, we'll explore the various ways you can save on taxes through real estate investing. Real estate is one of the most tax-advantaged investments you can make, but many investors aren't aware of all the tax benefits available to them. We'll start by discussing depreciation, which is one of the most powerful tax benefits of real estate investing. Depreciation allows you to deduct a portion of the cost of your investment property from your taxable income each year, which can result in significant tax savings. Next, we'll talk about 1031 exchanges, which allow you to defer capital gains taxes when selling one investment property and purchasing another. We'll also explore the benefits of investing through a self-directed IRA, which can provide additional tax advantages. Finally, we'll cover a few other tax-saving strategies, such as taking advantage of deductions for expenses related to your rental property and using a qualified business income deduction if you invest through a pass-through entity. Whether you're a seasoned real estate investor or just getting started, this video will provide valuable insights into how you can save on taxes through real estate investing. So, grab a pen and paper, and let's dive into the world of real estate tax savings! We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting #multifamily #realestateinvesting #commercialrealestate #biggerpockets #realestateinvest #costsegregation #taxtips #realestatetaxes

Transcript

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0:00.0	You buy a large asset every couple years, and as long as you keep adding more new assets,
0:05.6	new apartment buildings to the mix, you can continue to accumulate depreciation in the party
0:10.7	goes on.
0:11.1	If you buy one asset in a couple years, that depreciation is going to expire, and your income
0:16.1	is going to outpace your depreciation.
0:17.9	So the key is to continue to buy, to continue to refi these assets,
0:23.3	because then you're getting a loan, which is going to save on taxes as well. It's not a sale.
0:28.3	You don't want to sell your assets. You want to refy them to get the money via refi when you've
0:32.6	improved it. That's one mechanism. And then continue to buy more so the party continues going on. Hi, everybody, Jing, Gino here, and today we're discussing ways to lessen your tax burden through apartment investing.
1:09.2	Gang, it's tax season.
1:13.2	And apartment investing is a great way to lessen your federal income tax but let's be clear you ain't getting free you ain't escaping
1:19.5	the taxman we pay a ton in taxes we pay plenty of property tax possibly you can be paying
1:24.8	franchise next size tax and sales tax but apartment
1:28.8	investing is a great way to offset that federal income tax with depreciation and a
1:35.9	wise man once said this is what my Papa G-funk told me a wise man once said it's not
1:41.4	what you make it's what you keep and we are going to help you keep more
1:45.0	your hard on money in this episode so mr g daddy please break down the ways to save on taxes
1:51.4	via apartment investing sir thank you well that intro really demands a like i mean if you're
1:58.9	listen to this step up to the plate, Don Mattingly.
2:03.0	Give us to the like, subscribe to the channel,
2:04.6	because what we're going to be discussing in the next 10 minutes can be life-changing
2:06.3	for a lot of people listening out there.
	...

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